For the fiscal first quarter the aviation support company reported earnings of 36 cents a share, missing the Capital IQ Consensus Estimate of 38 cents a share by 2 cents. Revenue fell 8.8% year over year to $469.2 million for the quarter, below the $489.53 million that analysts expected for the quarter.
AAR lowered its full year guidance, saying it now expects EPS of $1.65 to $1.75 a share for the year, down from previous estimates of $1.80 to $1.90 a share. The company expects revenue of $2 billion to $2.05 billion for the year, down from its previous range of $2.1 billion to $2.15 billion.
TheStreet Ratings team rates AAR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate AAR CORP (AIR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: AIR Ratings Report